Overview

HIVE currently owns and operates four [data centres] that are the building blocks of blockchain infrastructure. HIVE is currently utilizing our facilities to mine cryptocurrencies, like Ethereum, around the clock. HIVE is dedicated to mitigate our environmental impact and have built our facilities in cool jurisdictions (to mitigate energy on cooling our facilities) with access to low cost green/renewable energy. By mitigating our environmental impact, HIVE is building sustainable operations that will power the blockchain of the present and the future.

HIVE has an exclusive arrangement with Genesis to operate its data centres under a Master Service Agreement. The data centres will be monitored with Genesis Hive, Genesis' proprietary software tool for large-scale mining, to automatically optimize chip temperatures and power consumption for maximal coin production." and " The Genesis partnership equips HIVE with the three key elements needed to power the future of blockchain computing.

Why Iceland?

Iceland Cryptocurrency Mining Project

HIVE’s launch transaction involved the acquisition of an initial state-of-the-art blockchain infrastructure facility in Iceland from Genesis Mining Ltd., the world’s largest cloud bitcoin mining company. The facility produces mined cryptocurrency around the clock. Assembly of the facility, which utilizes cutting edge computing components and infrastructure design, was completed in May 2017.

Why Sweden?

Stable political system that is actively exploring blockchain opportunities beyond cryptocurrencies

HIVE's GPU facilities were completed in April 2018 and are equipped with custom Genesis A2 mining rigs, the leading and most efficient GPU rigs for mining ETHash*. The facilities are powered entirely by hydro electricity and consume total energy of 20.4MW.

Why Norway?

Government actively looking at alternative areas to diversify country risk from fossil fuels

Cool jurisdiction with excess green/renewable energy

64-Hectare property provides HIVE with significant expansion opportunities and near term access to an additional 30 MW of capacity

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